Social Security: Americans Agree VIDEO

Social Security: Just the Facts Video

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COVERED: a week-by-week look at the political and legislative developments that led to the creation of Medicare and Medicaid 50 years ago. Bob Rosenblatt, Academy senior fellow and former Los Angeles Times Washington correspondent will report on the people and the maneuvers that led to this major expansion of social insurance.

WASHINGTON, DC – After three years of growth, Ohio workers' compensation payments declined in 2004 as a share of workers' wages, according to two studies released today by the National Academy of Social Insurance (NASI). Compared to the wages of workers covered by the program, total benefit payments fell by 5 cents per $100 of payroll—from $1.35 per $100 in 2003 to $1.30 per $100 in 2004, the latest year for which data are available. The decrease relative to wages occurred both in payments to providers of medical care and in cash payments to injured workers.

Over the past 15 years, workers' compensation payments in Ohio have broadly followed national trends. Payments peaked as a fraction of covered payroll in the early 1990s and then declined through 2000. Since 2000, payments have increased modestly.

In relation to payroll, Ohio payments for workers' compensation are above the U.S. average. While benefits in Ohio were $1.30 per $100 of state covered payroll in 2004, national benefits were $1.13 per $100 of covered payroll.

The National Academy of Social Insurance (NASI) is a nonprofit, nonpartisan organization made up of the nation's leading experts on social insurance. Its mission is to promote understanding and informed policymaking on social insurance and related programs through research, public education, training, and the open exchange of ideas.